Hip pocket to be less healthy soon

Central Telegraph - - NEWS -

IT’S the se­cret dou­ble whammy that means next month’s health fund premium rise will hit your hip pocket even harder than you ex­pect.

The value of the govern­ment’s pri­vate health in­surance tax re­bate will drop on April 1, adding an ex­tra $50 a year to the cost of your pre­mi­ums.

By 2026 surg­ing pre­mi­ums will see the value of the re­bate halved from the orig­i­nal 30% to just 16%.

This hip-pocket hit will be in ad­di­tion to the $200 premium hike fam­i­lies are al­ready fac­ing on April 1.

As the cut bites and ris­ing pre­mi­ums force thousands to dump their cover, pri­vate in­sur­ers are ask­ing the govern­ment to al­low them to give peo­ple aged un­der 30 a 10% dis­count.

Health fund BUPA has an­nounced it will pro­vide gap-free ser­vices for chil­dren at den­tists, op­tometrists, phys­io­ther­a­pists, chi­ro­prac­tors and po­di­a­trists who are part of their Mem­bers First net­work. The ex­tra $50 for health in­surance is the re­sult of a govern­ment cost-sav­ing mea­sure.

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